CRH PLC (CRH) Shares Sold by Boston Partners
Boston Partners reduced its position in shares of CRH PLC (NYSE:CRH) by 45.1% during the second quarter, Holdings Channel reports. The fund owned 3,744,674 shares of the construction company’s stock after selling 3,073,996 shares during the period. Boston Partners’ holdings in CRH PLC were worth $132,823,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the stock. Parametric Portfolio Associates LLC raised its stake in shares of CRH PLC by 25.6% in the first quarter. Parametric Portfolio Associates LLC now owns 559,914 shares of the construction company’s stock worth $19,692,000 after buying an additional 114,087 shares during the last quarter. Capstone Asset Management Co. raised its stake in CRH PLC by 10.4% in the first quarter. Capstone Asset Management Co. now owns 85,223 shares of the construction company’s stock worth $2,997,000 after buying an additional 8,020 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in CRH PLC by 14.0% in the first quarter. Wetherby Asset Management Inc. now owns 13,049 shares of the construction company’s stock worth $459,000 after buying an additional 1,606 shares in the last quarter. Greenleaf Trust bought a new stake in CRH PLC during the first quarter worth $270,000. Finally, Princeton Alpha Management LP raised its stake in CRH PLC by 7.7% in the first quarter. Princeton Alpha Management LP now owns 9,477 shares of the construction company’s stock worth $333,000 after buying an additional 680 shares in the last quarter. 4.47% of the stock is currently owned by institutional investors.
Shares of CRH PLC (NYSE:CRH) opened at 34.06 on Friday. The stock’s 50 day moving average price is $35.49 and its 200-day moving average price is $35.47. The stock has a market cap of $28.35 billion, a price-to-earnings ratio of 19.34 and a beta of 0.96. CRH PLC has a 52-week low of $31.55 and a 52-week high of $38.04.
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A number of analysts have recently weighed in on the company. BidaskClub lowered CRH PLC from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Bank of America Corporation raised CRH PLC from a “neutral” rating to a “buy” rating in a research report on Friday, April 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. CRH PLC has an average rating of “Hold” and a consensus price target of $39.00.
CRH PLC Company Profile
CRH public limited company (CRH plc) is a building materials company. The Company’s segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products.
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